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<Research>G Sachs Adds TENCENT to, Removes KUAISHOU-W from APAC Conviction List
Recommend 23 Positive 34 Negative 14 |
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Goldman Sachs released a research report, adding TENCENT (00700.HK) to the APAC Conviction List, while removing KUAISHOU-W (01024.HK). The broker explained that TENCENT's profit will achieve sustainable growth of 20% or more, on the back of the growth in advertising market share brought about by new games and upgraded advertising technology. The broker also believed that TENCENT's re-acceleration in high quality and high margin revenue streams is not reflected in consensus expectations nor valuations. AAStocks Financial News |
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